I have been able to get a conventional cash-out re-fi based on a new appraisal value after six months with Bank of Oklahoma.

Dash F.-I

Brian F. I

Originally posted by Will F.:I

I have set up key words and look forward to getting involved.Carlos F. I

It is all true hear from the ceohttp://www.latimes.com/business/realestate/la-fi-h...

Will F. I

Owner is somewhat open to financing so thinking of going for one year owner-fi at 10% down then rolling note to bank in a year, using equity in the property to get to the 20% down the bank will want.

The bank does not need to be notified unless you were going through an FHA loan or some other program that requires the house to be owner occupied, in which case you would have to either re-fi first or proceed with caution as the loan could be called due if the bank found out.

I think that would stop any chance of a cash out re-fi thru conventional financing though.